CRSH vs TEST: Grades, Fees and Holdings Compared

YieldMax Short TSLA Option Income Strategy ETF

CRSHBNYSE Arca

YieldMax TSLA Performance & Distribution Target 25 ETF

TESTCCboe

Overlap

50.7%by weight

Expense ratio

TEST −0.04pt a year

CRSH1.05%TEST1.01%

Avg volume · 30D

CRSH 7.6×the volume

CRSH14.5KTEST1.92K

CRSH vs TEST Performance

Dec 31, 2025 – Oct 30, 2026

+4.9%CRSH−8.4%TEST

Expense ratio: CRSH 1.05%; TEST 1.01%, better
Fund size: CRSH $12M; TEST $2M
1Y total return: CRSH +6.4%; TEST No data
Yield (12M): CRSH 79.46%; TEST No data
Holdings: CRSH 10; TEST 9
Avg volume (30D): CRSH 14.5K sh, better; TEST 1.92K sh
NAV per share: CRSH $17.06; TEST $39.37
52W range

ETF.net Grade

Pillar letters and Scores for CRSH, TEST, with each pillar’s weight
Pillar	CRSH	TEST
Cost30% weight	C47	B57Higher
Mission25% weight	A70	Not scored
Risk15% weight	B69Higher	B55
Tradability15% weight	C46Higher	D34
Holdings10% weight	Not scored	Not scored
Durability5% weight	B65Higher	D33

Rank among Tesla (TSLA) Option Income funds

How we build Categories ›

Same Category. CRSH and TEST are both graded against the same 9 Tesla (TSLA) Option Income funds, so their Grades compare head to head.

Tesla (TSLA) Option Income⁠

Category · 9 funds

See all 9 ›

CRSH ranks 1st and TEST 6th of 9 funds in the Tesla (TSLA) Option Income Category.

Rank 1BCRSHYieldMax Short TSLA Option Income Strategy ETFScore 57
Rank 2BTLAGraniteShares Autocallable TSLA ETFScore 55
Rank 5CTSYYGraniteShares YieldBOOST TSLA ETFScore 42
Rank 6CTESTYieldMax TSLA Performance & Distribution Target 25 ETFScore 40
Rank 6CTYYYxETFs TSLA Daily Income ETFScore 40

Our read on each fund

ETF.net Research

CRSHBYieldMax Short TSLA Option Income Strategy ETF

TESTCYieldMax TSLA Performance & Distribution Target 25 ETF

In short

CRSH Every other Tesla income fund in the aisle is rooting for the stock. CRSH takes the other side: it sells option spreads on Tesla while holding inverse exposure to the shares, turning a bearish stance into premium collection.

TEST No data

Stated mandate

CRSH CRSH is actively managed to generate weekly income by writing put spreads on Tesla Inc. The strategy seeks option premiums from TSLA volatility while maintaining inverse exposure to TSLA share-price movements.

TEST No data

Why people hold it

CRSH The contrarian seat in a crowded aisle. TSLY, TSII and TSLP all ride Tesla upward; CRSH is built the other way, on inverse exposure to the stock.yieldmaxetfs.com
Fee of 1.05% lands just under the median for its Tesla option-income cohort, and roughly a third of TSYY's 3.11%.
Actively managed inside a standard 1940 Act fund wrapper, and it sits in the upper half of its Tesla option-income peer group.

TEST No data

Worth knowing

CRSH Income here is option premium, not stock appreciation. The fund discloses that distributions can include return of capital, meaning part of a payout can be your own money back.
One company, synthetic exposure. Because the position is inverse, a Tesla rally pushes against the fund's share price and premium may not offset it.
Small and lightly traded next to the larger Tesla income funds, so bid-ask spreads can widen, particularly around Tesla headlines.

TEST No data

Full CRSH profile⁠

Full TEST profile⁠

CRSH vs TEST Holdings

How CRSH and TEST differ

Overlap by weight

50.7%

Shared holdings make up 78.3% of TEST and 58.8% of CRSH.

Level by level

Asset classAlternatives, Equity0.0%
Holdings4 in both50.7%
Countryby domicile100%

Sector

No Sector split for CRSH and TEST.

Country, concentration and asset class

Country by domicile

Country weights in CRSH and TEST, widest gap first
Country	More in CRSHMore in TEST	CRSH	TEST
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

CRSH111.8%
TEST109.3%

Securities held

CRSH9
TEST8

Asset class

CRSH: Alternatives
TEST: Equity

Holdings

Only in CRSH5
In both4
Only in TEST4

Only in CRSH

5 securities, 53.0% of CRSH by weight

United States Treasury Note/Bond 3.375% 09/15/202750.36%
Tsla 11/20/2026 370.02 P1.60%
Tsla Us 11/06/26 P3850.81%
Tsla Us 11/06/26 P3700.20%
Tsla Us 11/20/26 C5600.07%

Only in TEST

4 securities, 31.0% of TEST by weight

United States Treasury Bill 07/08/202718.32%
Tsla 11/20/2026 370.01 C9.34%
Tsla Us 11/20/26 C4101.87%
Tsla Us 11/20/26 C4051.47%

Weight gaps

All 4 Holdings in both funds, largest gap first.

Holding weights in CRSH and TEST, widest gap first
Holding	More in CRSHMore in TEST	CRSH	TEST
United States Treasury Bill 12/10/2026	TEST +18.47 points	12.64%	31.11%
United States Treasury Bill 02/18/2027	CRSH +5.01 points	21.72%	16.71%
United States Treasury Note/Bond 2.375% 05/15/2027	CRSH +3.06 points	19.81%	16.75%
First American Government Obligations Fund 12/01/2031	TEST +2.07 points	0.42%	2.49%

All CRSH holdings⁠All TEST holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CRSH vs TEST Cost

Overpaying CRSH vs TEST

$645

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

CRSH 1.05%
$19,495
TEST 1.01%
$18,850

Amount$10,000

Years30 years

Cost over time

CRSH 1.05%
TEST 1.01%
Overpaying

Year by year

Year	CRSH	TEST	Overpaying
10	$1,847	$1,780	$67
20	$6,927	$6,686	$241
30	$19,495	$18,850	$645

Expense ratio

1.05%CRSH
1.01%TEST, cheaper

TEST1.01%CRSH1.05%

0.85%1.52%

Middle half of Tesla (TSLA) Option Income funds
Median 1.05%

TEST 4th cheapest of 9 funds

CRSH 5th cheapest of 9 funds

CRSH vs TEST Dividends

Last 12 months to Oct 30, 2026

Yield (12M): CRSH 79.46%; TEST No data
Payout (12M): CRSH $13.55; TEST No data
Last payment: CRSH $0.16; TEST $0.18
Ex-dividend: CRSH Oct 29, 2026; TEST Oct 27, 2026
Paid on: CRSH Oct 30, 2026; TEST Oct 28, 2026
Frequency: CRSH Weekly; TEST Weekly

Distribution history

Per share, 2026, same scale for both

CRSHWeekly · 44 paymentsAll CRSH payments⁠

TESTWeekly · 43 paymentsAll TEST payments⁠

CRSH vs TEST Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CRSH 41.2%since Jun 2024TEST No data
Return per unit of riskSharpe ratio, 3 years: CRSH −0.74since Jun 2024TEST No data
Worst fallMax drawdown, 5 years: CRSH −64.0%since May 2024TEST No data
Market sensitivityBeta, 5 years: CRSH −1.28TEST 0.98; Market = 1

CRSH and TEST in the news

All news⁠

Category Rankings
Chips, AI and crypto took October's losses
Updated Nov 2, 2026CRSH

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CRSH vs TEST

In short

Stated mandate

Why people hold it

Worth knowing

How CRSH and TEST differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CRSH

Only in TEST

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Chips, AI and crypto took October's losses